Category: Startups

Failed meal-kit service Munchery owes $6M to gift card holders, vendors – TechCrunch

Several weeks after a sudden shutdown left customers and vendors in the lurch, meal-kit service Munchery has filed for bankruptcy. In the Chapter 11 filing, Munchery chief executive officer James Beriker cites increased competition, over-funding, aggressive expansion efforts and Blue Apron’s failed IPO as reasons for its demise. Munchery owes $3 million in unfulfilled customer
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The Nordic Web Ventures raises a second fund and picks up Atomico’s Niklas Zennström as a backer – TechCrunch

The Nordic Web Ventures, the ‘pre-seed’ investment firm founded by Neil Murray in late 2017, has raised a second fund to continue backing very early-stage startups within the Nordic ecosystem. The remit of the new “Fund II” is largely unchanged from the first fund, promising to write the first cheque of between $50,000 and $75,000
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Lydia launches shared accounts for its mobile payment app – TechCrunch

French startup Lydia now lets you share your Lydia sub-accounts with other people. The company wants to make it easier to manage money when you’re traveling with friends, sharing an apartment with someone and more. When Lydia introduced its premium offering back in March 2018, the company completely rethought the way Lydia accounts worked. Users
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Jupiter Networks invests $2.5M in enterprise tech accelerator Alchemist – TechCrunch

Alchemist, which began as an experiment to better promote enterprise entrepreneurs, has morphed into a well-established Silicon Valley accelerator. To prove it, San Francisco-based Alchemist is announcing a fresh $2.5 million investment ahead of its 20th demo day on Wednesday. Jupiter Networks, a networking and cybersecurity solutions business, has led the round, with participation from
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Testing times for second wave scooter startups – TechCrunch

Investors are still pouring millions into scooter startups, albeit sometimes at flat valuations. At the same time a little cash is flowing the other way, in cases where cities have realized the importance of prioritizing the needs of the local environment and its citizens, over and above the ambitions of VCs for a swift and lucrative
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